Polylactic Acid (PLA) Market to Grow at a CAGR of 15.9%, Globally, by 2020 with top key players Synbra Technology BV, Corbion Purac, Zhejiang Hisun Biomaterials Co., Ltd, Nantong Jiuding Biological Engineering Co., Ltd, Chongqing Bofei Biochemical Product

The new report, "Polylactic Acid (PLA) Market - Global Opportunity Analysis and Industry Forecast, 2014 - 2020", published by Allied Market Research state that, the polylactic acid market was worth $305.6 million in 2014 and is projected to grow at a CAGR of 15.9% during 2015-2020 owing to the rising environmental awareness, increasing popularity of newer applications and the favorable government policies. notes that packaging application segment would continue to dominate the global polylactic acid market during 2014-2020.

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Polylactic acid (PLA) is a biodegradable and compostable thermoplastic produced from fermentable sugar available in various renewable sources, such as corn starch, sugarcane, tapioca roots and wheat. Easy availability of low cost raw material would drive the market growth. Furthermore, increasing popularity of newer applications (like coated cellophane, agricultural mulching, non-woven fibers, and active packaging among others) across various end user industries such as food and beverage packaging, agriculture, electronics, textiles, Bio medical and others would open new growth avenues in the global polylactic acid market. However, factors such as high production cost, need for industrial composting, popularity of competing alternatives for renewable packaging such as Bio- PE, PHA, and Bio-PET would impede the PLA market growth.

Key Findings of Polylactic Acid Market

• Bio-medical application segment would register the highest CAGR of 22.4%, in terms of volume, from 2015-2020.

• In terms of revenue, Asia Pacific market is expected to resister the highest CAGR during the forecast period

• China is projected to be one of the most lucrative markets in the Asia Pacific region during 2014-2020.

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The North America consumed about half of the total PLA production in 2014 and would continue to have increased consumption over the forecast period with over 85% of the PLA production facilities currently located in North America. Europe is estimated to be the second largest market in terms of consumption largely due to supportive legal framework and consumer awareness towards sustainability.
The major players in the market are adopting expansion as the most preferred strategic approach to penetrate into untapped markets.

Top key players :

• NatureWorks LLC
• Synbra Technology BV
• Corbion Purac
• Zhejiang Hisun Biomaterials Co. Ltd
• Nantong Jiuding Biological Engineering Co. Ltd
• Chongqing Bofei Biochemical Products Co.Ltd.
• Futerro among others.

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LIST OF TABLES:

TABLE 1 GLOBAL POLY LACTIC ACID MARKET REVENUES, 2013-2020 ($MILLION)
TABLE 2 GLOBAL POLY LACTIC ACID MARKET REVENUES BY APPLICATION SEGMENTS, 2013-2020 ($MILLION)
TABLE 3 GLOBAL POLY LACTIC ACID MARKET REVENUES IN PACKAGING, 2013-2020 ($MILLION)
TABLE 4 GLOBAL POLY LACTIC ACID MARKET REVENUES IN TEXTILES, 2013-2020 ($MILLION)
TABLE 5 GLOBAL POLY LACTIC ACID MARKET REVENUES IN AGRICULTURE, 2013-2020 ($MILLION)
TABLE 6 GLOBAL POLY LACTIC ACID MARKET REVENUES IN BIO-MEDICALS, 2013-2020 ($MILLION)
TABLE 7 GLOBAL POLY LACTIC ACID MARKET REVENUES IN ELECTRONICS, 2013-2020 ($MILLION)
TABLE 8 GLOBAL POLY LACTIC ACID MARKET REVENUES IN OTHER INDUSTRIES, 2013-2020 ($MILLION)
TABLE 9 NORTH AMERICAN POLYLACTIC ACID MARKET REVENUES BY APPLICATION SEGMENTS, 2013-2020 ($MILLION)
TABLE 10 EUROPEAN POLYLACTIC ACID MARKET REVENUES BY APPLICATION SEGMENTS, 2013-2020 ($MILLION)
TABLE 11 ASIA-PACIFIC POLYLACTIC ACID MARKET REVENUES BY APPLICATION SEGMENTS, 2013-2020 ($MILLION)
TABLE 12 REST OF THE WORLD POLYLACTIC ACID MARKET REVENUES BY APPLICATION SEGMENTS, 2013-2020 ($MILLION)
TABLE 13 NOVA CHEMICALS SNAPSHOT
TABLE 14 NATUREWORKS SNAPSHOT
TABLE 15 EXXONMOBIL SNAPSHOT
TABLE 16 EASTMAN SNAPSHOT
TABLE 17 DUPONT CORPORATION SNAPSHOT
TABLE 18 DOW CHEMICAL CORPORATION SNAPSHOT
TABLE 19 BAYER AG SNAPSHOT
TABLE 20 SINOPEC SNAPSHOT
TABLE 21 MITSUBISHI CHEMICAL SNAPSHOT
TABLE 22 BRASKEM SNAPSHOT

LIST OF FIGURES:

FIG. 1 TYPE OF BIO-PLASTICS
FIG. 2 TOP TEN FACTORS IMPACTING PLA MARKET
FIG. 3 TOP INDUSTRY STRATEGIES IN PLA AND BIO-PLASTICS MARKET (2010 TO 2012)
FIG. 4 TOP INVESTMENT POCKETS IN PLA APPLICATIONS MARKET
FIG. 5 ELECTRONICS EQUIPMENT MANUFACTURING BY GEOGRAPHY 2012
FIG. 6 FINANCIAL REVENUES OF NOVA CHEMICALS FROM CONTINUING OPERATIONS AS PER PERFORMANCE SEGMENTS, 2010-2012 ($MILLION)
FIG. 7 SALES OF NOVA CHEMICALS, BY GEOGRAPHIC SEGMENT 2012 (%)
FIG. 8 SWOT ANALYSIS OF NOVA CHEMICALS CORPORATION
FIG. 9 SWOT ANALYSIS OF NATUREWORKS LLC
FIG. 10 PRIMARY SEGMENTS EARNINGS OF EXXONMOBIL, 2012 ($MILLION)
FIG. 11 SWOT ANALYSIS OF EXXONMOBIL CORPORATION
FIG. 12 FINANCIAL REVENUE OF EASTMAN, BY MARKETS, 2012 ($MILLION)
FIG. 13 COMBINED SALES OF EASTMAN REVENUE, BY GEOGRAPHY, 2012 ($MILLION)
FIG. 14 SWOT ANALYSIS OF EASTMAN CHEMICAL COMPANY
FIG. 15 NET SALES OF DUPONT CORPORATION AS PER BUSINESS SEGMENT, 2012 ($MILLION)
FIG. 16 SWOT ANALYSIS OF DUPONT
FIG. 17 SALES OF DOW CHEMICAL PER YEAR, 2010 - 2012 ($MILLION)
FIG. 18 PERCENT OF SALES OF DOW CHEMICAL AS PER GEOGRAPHY 2012 ($MILLION)
FIG. 19 SWOT ANALYSIS OF DOW CHEMICAL CORPORATION
FIG. 20 SALES OF BAYER AG AS PER SEGMENTS FOURTH QUARTER 2012 ($MILLION)
FIG. 21 SWOT ANALYSIS OF BAYER AG
FIG. 22 SINOPECS OPERATING PROFIT YEAR END 31 DECEMBER, 2010 - 2012 ($MILLION)
FIG. 23 SWOT ANALYSIS OF SINOPEC
FIG. 24 MITSUBISHI CHEMICAL CORPORATION TOTAL SALES (NON-CONSOLIDATED), 2010 - 2012 ($MILLION)
FIG. 25 SWOT ANALYSIS OF MITSUBISHI CHEMICAL CORPORATION
FIG. 26 BRASKEM NET REVENUE, 2010 - 2012 ($MILLION)
FIG. 27 SWOT ANALYSIS OF BRASKEM

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